The chief executive of Ripple Labs says that he sees the U.S. Securities and Exchange Commission (SEC) losing its battle against crypto in the long term. In a new interview on the World Class podcast, Ripple CEO Brad Garlinghouse says that in the grand scheme of things, the SEC’s anti-crypto stances and enforcement actions don’t
The U.S. Securities and Exchange Commission (SEC) says that Ripple Lab’s planned new stablecoin qualifies as an “unregistered crypto asset.” In a new court filing, the regulatory agency says that not only has Ripple been selling XRP – the digital asset used to operate the XRP Ledger – as an unregistered security since 2013, but
Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry. In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be
US authorities have charged 17 people for their alleged involvement in a multi-million-dollar crypto Ponzi scheme. In a new press release, the U.S. Securities and Exchange Commission (SEC) says it is charging 17 individuals with operating a crypto scheme that targeted 40,000 investors across three countries. According to the regulatory agency, Texas-based firm CryptoFX allegedly
The U.S. Federal Reserve listed a central bank digital currency (CBDC) as one of its “key duties” in a document presented to members of Congress. House Majority Whip Tom Emmer, a Republican from Minnesota, says Fed officials handed his staff a document earlier in the Congressional session titled “Key Duties of the Fed – Payment
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – China’s computer-driven “quant” hedge funds are beefing up risk management and retooling their portfolios to conform to the state’s definitions of fair play, as regulators clamp down on the $260 billion sector to revive retail investor confidence. Hedge fund Leon Capital said it will monitor